Whitbread Managing Director trades in shares after vesting under scheme

3rd May 2013 16:11

Whitbread's Managing Director, Patrick Dempsey, has sold 12,341 shares in the company after 26,210 shares vested under an incentive scheme. The shares were sold for 2,616.05p each for a total of £322,847. The transaction was made in the same week Whitbread recorded a double digit increase in annual revenue, profit and dividend, following a strong performance from its Premier Inn and Costa brands, despite adverse weather conditions. Underlying pre-tax profit rose 11.4% to £356.5m in the year to February 28th 2013. Total revenue for the year rose 14.2% to £2.03bn. Group like-for-like (LFL) sales were up 3.7%, below Investec's 4.2% estimate after underperformance in the fourth quarter. The company also said that trading in the first few weeks of the new financial year has been in line with expectations and Premier Inn has maintained its positive momentum. Top Director BuysSymphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 7,352,900 @ $0.70 Value: $5,147,030Symphony International Holdings Ltd. (SIHL) Director name: Mr Pierangelo BottinelliAmount purchased: 500,000 @ $0.77 Value: $385,000Elektron Technology (EKT) Director name: Mr Keith Anthony DaleyAmount purchased: 1,242,165 @ 10.50p Value: £130,427Maven Income & Growth 4 VCT (MAV4) Director name: Mr Bill NixonAmount purchased: 125,655 @ 88.00p Value: £110,576Maven Income & Growth 4 VCT (MAV4) Director name: Mr Steven ScottAmount purchased: 102,354 @ 97.70p Value: £100,000Maven Income & Growth 4 VCT (MAV4) Director name: Mr Bill NixonAmount purchased: 93,961 @ 97.70p Value: £91,800Elektron Technology (EKT) Director name: Mr Noah Franklin Amount purchased: 675,000 @ 10.50p Value: £70,875Fidessa Group (FDSA) Director name: Mr Mark FosterAmount purchased: 2,750 @ 1,812.00p Value: £49,830Nasstar (NASA) Director name: Mr Angus McCafferyAmount purchased: 179,100 @ 11.09p Value: £19,862Nasstar (NASA) Director name: Mr Angus McCafferyAmount purchased: 179,100 @ 11.09p Value: £19,862Top Director SellsWhitbread (WTB) Director name: Mr Patrick DempseyAmount sold: 12,341 @ 2,616.05p Value: £322,847Rolls-Royce Holdings (RR.) Director name: Mr Colin SmithAmount sold: 13,000 @ 1,128.00p Value: £146,640